A firm can avoid problems with the quality of its products by simply offering a generous warranty
Indicate whether the statement is true or false
F A generous warranty can be costly to support for a low-quality product that brings many warranty claims.
You might also like to view...
The most important thing about higher labor productivity is that it means
A) we can compete well with other nations. B) we are doing better than anyone else is. C) we can achieve a happier population. D) we can have a higher standard of living.
Tariffs and import quotas differ in that
A) one is a form of trade restriction, while the other is not. B) one is a tax, while the other is a limit. C) one is imposed by the government, while the other is imposed by the private sector. D) one is legal, while the other is not.
Which of the following collective consumption goods does not become a private consumption good at some level of use?
a. highway b. swimming pool c. national defense d. television
A person with no competitive ideas can earn above market average returns at low risk by investing in a diversified portfolio of stocks
Indicate whether the statement is true or false